Keckley Report August 15, 2022
Last week, a federal judge in Alabama approved a final settlement of $2.67 billion with Blue Cross Blue Shield companies in a 2012 lawsuit over alleged anticompetitive behavior that negatively affected members. The deal allows Blue Cross Blue Shield Association health plans latitude to diversify their businesses and operate across state lines including targeted offerings to employers in other states.
The settlement came as no surprise to the 34 BCBSA affiliated plans and their competitors: preliminary approval for the settlement had been granted by the judge in 2020. Now fully approved, it takes effect after 30 days unless plaintiffs like Home Depot and others dissatisfied with the judgement force delay.
It marks the end of an era for Blue Cross...
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